FG, states, LGs share N2.338trn as August revenue

The Federal Government, states and local government councils have shared N2.338 trillion in August 2026 Federation Account revenue at the September Federation Account Allocation Committee meeting in Abuja, the Office of the Accountant General of the Federation disclosed in a statement signed by Director of Press Bawa Mokwa.

The total distributable revenue comprised N1.565 trillion in statutory revenue and N773.233 billion in Value Added Tax receipts.

According to Tribune, the Federal Government received N804.897 billion, state governments got N794.313 billion, local government councils received N555.142 billion, and N184.388 billion was shared to oil-producing states as 13 per cent derivation revenue.

However, gross statutory revenue of N2.850 trillion for August fell significantly below the N4.359 trillion recorded in July — a decline of N1.508 trillion — raising concerns about revenue volatility heading into the final quarter of 2026.